Economic Data Science Theme researcher, Andrea Baronchelli, told Cointelegraph more research on the topic of crypto code / price correlation may be on the horizon following the recent release of her team's preprint report. "This is really the first step," Baronchelli said of the recent preprint report, titled, From code to market: Network of developers and correlated returns of cryptocurrencies. "We plan to look at what happens when multiple developers work on the same two projects, and at the semantics of the edits they make," he noted, adding: "Our analysis has concerned pairs of cryptos so far but we plan …

A new report preprint shows a correlation between crypto asset prices and their code developers. "We reveal that the first coding event linking two cryptocurrencies through a common developer leads to the synchronization of their returns in the following months," said a preprint research report titled, From code to market: Network of developers and correlated returns of cryptocurrencies. It's all in the code Destined by their code underpinnings, cryptocurrencies hold internal laws and guidelines concerning a number of aspects, such as security and availability, the beginning of the 37-page report explained. Many of these assets also host open-source code, warding …

Smart contracts are immutable programs: Once a contract is deployed, it cannot be altered. This allows users to be sure that the rules by which their funds are operated will not be changed. However, the same feature makes creating secure smart contracts extremely complicated. If you create a contract with a bug or vulnerability, it is there forever. That’s why testing is even more crucial for smart contracts than for traditional applications. Related: What Are Smart Contracts? Guide for Beginners Why testing is necessary First, let’s clarify what problems tests can and cannot solve. For this purpose, let’s point out …

Open-source payments network Celo has announced its first round of development grant recipients. A press release shared with Cointelegraph states that Celo has awarded $700,000 in grants to 13 different companies who are looking to build on top of the network, contribute to the development of the Celo platform, or foster the Celo community. The project has already received more than 50 grants proposals from teams based in 16 different countries and will continue to accept proposals until May 19. Celo Awards $700,000 to 13 developers in first round of grant funding Celo states that the chosen grant recipients "provide …

Amid the increasing adoption of blockchain technology in the gaming industry, some of the world’s biggest game developers like South Korean Netmarble are partnering with blockchain gaming startup Forte Labs to streamline blockchain-powered game experiences. Forte, a known partner of major cryptocurrency firm Ripple, has just tapped five new high-profile gaming companies in line with its mission to provide best-in-class gaming experiences based on blockchain technology. All five new partners will integrate Forte’s blockchain platform into their games According to a March 24 blog post, Forte’s new game developers include United States-based Hi-Rez Studios and nWay, Canadian social games provider …

Blockchain-based gaming ecosystem Enjin (ENJ) has launched its Multiverse Program and is now seeking applications from interested developers. The program is designed to attract developers to explore Enjin’s Multiverse platform — a gaming platform that supports the creation of in-game digital assets that can be transferred and used across multiple games hosted in the multiverse. Developers selected for the program will receive one year of free access to the Enjin Platform, support from Enjin’s developers and project promotion across Enjin’s social media. The program is open to existing projects at all stages of development. Enjin Multiverse supports interoperable tokenized in-game …

United States Securities and Exchange Commission (SEC) Commissioner Hester Peirce has formally proposed safe harbor for token projects. After initially floating the idea in August 2019, Peirce has now formally presented a regulatory vision that would create a safe harbor for projects that raise funds to build decentralized networks. Peirce proposes to provide decentralized network developers with a three-year grace period Speaking at the International Blockchain Congress in Chicago on Feb. 6, Peirce, also known as SEC’s “Crypto Mom,” has outlined her token safe harbor proposal. The proposal would grant network developers a three-year grace period to build a decentralized …

Algorand officially unveiled a suite of new features to its pure-proof-of-stake network at the end of November, dubbed Algorand 2.0. The latest suite of technical innovation by the emerging “frictionless finance” network, the upgrade encompasses the official commissioning of smart contracts on the network, along with the Algorand Standard Assets, or ASA, and atomic transfers. Algorand started off with a bang through its $60 million initial coin offering, which led into its vaunted technology upgrade — Algorand 2.0. Designed for building decentralized finance products, enterprise-scale DApps, and business-ready blockchain solutions, Algorand 2.0 presents a compelling option for developers focused on …

A contributor of major Ethereum browser extension Metamask has reported that the MetaMask team is “totally overwhelmed” and not being prioritized by its parent company ConsenSys. In a Dec. 25 Reddit post, Reddit user lazaridiscom3 alleges that the MetaMask team is not getting the support it needs from ConsenSys, and, consequently, the whole team of 24 employees is overwhelmed. Redditor says the Ethereum’s “critical value-moving piece” isn’t decentralized The post, titled “Help MetaMask out of its Activity-Trap,” goes on to say that the MetaMask team has a number of unsolved issues and its inner workflow structure is neither transparent nor …

Block.One, the firm behind EOS, the seventh-biggest cryptocurrency by market cap, has launched a new $1.5 million grant program to support the EOSIO development. EOS VC, the Block.One’s venture capital arm, plans to award grants worth $50,000 to each qualified project within its new funding initiative, the EOS VC Grants Program. According to an official announcement on Dec. 17, EOS VC will provide more than $1.5 million in grants to developers and supporters of the EOSIO platform. By launching the EOS VC Grants Program, Block.One apparently intends to attract more developers to its community and boost the adoption as the …

As of press time, Ethereum has passed block #9068000, putting it within 1000 blocks of the scheduled Istanbul hard fork, which should take place at around 23:30 UTC. The much-anticipated shift to Istanbul will be the Ethereum network’s first hard fork since February’s Constantinople. Both are stages of a broader phase of ongoing development that began in 2017 called Metropolis. What is changing? Cointelegraph has covered Ethereum’s ongoing developments extensively, as have the developers. Broadly speaking, Istanbul should be streamlining the network in accordance with Metropolis’s overall goals of scaling the network. Specifically, Istanbul will expand interoperability with privacy token …

Blockchain development communities cultivate the healthy growth of an open-source software platform. “It takes a village to raise a child,” is a popular saying that emphasizes the role of a larger group to properly nurture and develop the youngest members of society. The same holds true for young businesses. Without the endorsement of its 16 million-plus backers, Kickstarter projects would not come to fruition. Twitter would surely not have evolved into one of the world’s most well-known social networking platforms without adoption from 330 million monthly active users. Community supporters are the lifeblood of emerging companies. So, it’s critical for …